Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7331 Encinitas Court Fontana, CA 92336

4 Beds 2 Baths 1,304 sqft Built 1981

$425,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1981
  • Price/Sqft : $325.92
  • 13 Days on Market
  • MLS # : CV20222924
  • Updated Date : 10/30/2020 at 13:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Premier Proper

Listing Agent's Description

IMMACULATE & COMPLETELY REMODELED Fontana home with large lot. Located on a quiet cul-de-sac, this stunning upgraded 4 bedroom 2 bath home has it all. Freshly painted from top to bottom in gorgeous contrasting colors on the exterior, with rock siding detail to compliment the BRAND NEW roof, and BRAND NEW dual pane windows. As you enter, you will walk into the spacious living room that is overflowing with natural light, new recessed lighting has been installed as well. A gorgeous kitchen awaits just a little further with beautifully veined quartz countertops, white shaker cabinets, a huge farmhouse sink, tiled backsplash, and BRAND NEW appliances. Indoor laundry is located in the home for your convenience. A dark washed engineered hardwood flooring runs throughout the homes amazing floor plan. Both bathrooms have been completely upgraded with new vanities, tile and fixtures. A BRAND NEW A/C & HEATING SYSTEM has been installed for those hot Cali Summers. The home boasts a huge backyard with endless possibilities for entertaining and play. The spacious 2 car garage allows direct access into home. Location is everything! Close to freeways, restaurants and shopping. Highland Village and Sierra Lakes Shopping Center are just minutes away!

SEE MORE

MARKET HIGHLIGHTS

  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.

PRICE & RENT TRENDS

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $116k479k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Fontana

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2100011001200130014001500160017001800190020002100Rent in $9112139

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Locust Elementary School Primary Regular 497 19 2
Alder Middle School Middle Regular 1,167 48 2
Fontana A. B. Miller High School High Regular 2,352 112 4

Locust Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 19
2
GreatSchools Rating

Alder Middle School

  • Education Level: Middle
  • # of students: 1,167
  • # of teachers: 48
2
GreatSchools Rating

Fontana A. B. Miller High School

  • Education Level: High
  • # of students: 2,352
  • # of teachers: 112
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,568
Property Tax -$451
Property Insurance -$59
Property Management Fees -$106
CASH FLOW
-$384

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.41%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,569

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,800

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$2,0304$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 7331 Encinitas Court Fontana, CA 2
    • 4 beds 2 baths ∙ 1,304 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,304 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.38
    •  
  • 7399 Kempster Avenue Fontana, CA 1
    • 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.40
    •  
  • 17262 Russo Court Fontana, CA 3
    • 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 1988
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.30
    •  
  • 17142 Fern Street Fontana, CA 4
    • 4 beds 3 baths ∙ 1,547 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,547 Sqft ∙ Built 1990
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.42
    •  
  • 17262 Dolphin Street Fontana, CA 5
    • 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,567 Sqft ∙ Built 1988
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.40
    •  
PROPERTY LISTING DETAILS
Jasmine Haro
Keller Williams Premier Proper
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: CV20222924
Last Updated: 10/30/2020
BESbswy